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OH001 – Concorde Effect

In this episode @heckerhut, @dirkjaeckel and @j32804 amongst other things discuss legal stuff in the universe of blockchains. Non of it can be considered legal advice. As an anonymous friend of mine put it: blockchain is a hot new cool thing for borderline legal shenanigans. Is it?

Some time passed after the DAO has goxed. We will need to mention it again, because it raised a lot of legal questions. What has happened since?

We also discuss crowdsales, smart contract which went bonkers (not the DAO one), reference to other podcasts touching on topics of law and regulations (see links below) and making predictions without regard to the possibility of danger involved in it. Here is a selection os links to articles and topics we have mentioned:

Sian Jones gave some regulatory update on Epicenter Bitcoin. EU regulations are not so restrictive towards fintech / virtual currency businesses? But what about crowdsales?https://www.youtube.com/watch?v=5F-Z3rlOapk

We have also mentionned that it might be safer to use other than Turing complete languages for smart contracts, because Turing complete ones are inherently undecidable, which makes it impossible to know what a “smart contract” will do before running it.

This year EU Parliament published some stuff on virtual currencies. They are usually little bit behind the curve – while people are discussing the DAOs they are getting their heads around bitcoin. But hopefully EU people will be catching up fast.